Here they come, the deficit hawks. We knew it was going to come at some point.

[LiberalArkie]

Foxnews: Alarm bells sound over historic deficit spending, as coronavirus bills could near $5T

The U.S. government is poised to spend an unprecedented sum of money on its response to the coronavirus crisis, with a potential final price tag of nearly $5 trillion if lawmakers get the full extent of what they're seeking in as many as five separate bills.

While there is a bipartisan consensus on the need to help millions of laid-off or furloughed workers, as well as struggling hospitals and local governments, fiscal hawks are starting to raise alarms about the pace and scale of the spending by Congress and President Trump.

With three "phases" of the coronavirus response already passed, the U.S. government has so far committed roughly $2.4 trillion to relief efforts. But two more pieces of legislation are being discussed that could roughly double that, if the most expensive proposals are, in fact, signed into law.

Snip...

https://www.foxnews.com/politics/alarm-bells-sound-historic-deficit-spending-coronavirus-bills-trillions


What group do you think will have to cough up the money? Surely the DOD.

[sop]

1. Only solution I can see is to rescind Trump's 2017 tax cut, raise top tax rates to Eisenhower-era

levels, slash military spending, tax US securities transactions, eliminate corporate subsidies and welfare, and claw back all the ill-gotten gains by the Wall Street crowd since the last time they were bailed out by taxpayers.

[LiberalArkie]

2. I totally agree..

[mitch96]

3. +1!!!!!! They can afford it.... nt

[LiberalArkie]

4. The Rockefeller's, Vanderbilts, the Hunt Brothers, the Murphys and all the wealthy people

built our Interstate system, public hospitals, libraries put men on the moon etc. It wasn't until the libertarians started having influence did the U.S. start the downhill slide to disrepair and disfunction.

Take a look at this and pick a year when you think the U.S. was doing pretty good like in the 60's and 70's maybe the 80's and look at the tax rates.

https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

[mitch96]

5. Looks like the goldy locks years in the 50's had a high tax rate and lots of growth... nt

[scarletlib]

7. We have a solution!

[Demovictory9]

6. Fox news also has article about people fuming about others "getting paid not to work", that $600

on top of unemployment will pay some more to "stay home than to work"... had examples of hard working knowing lazy ones that were volunteering to not work to get paid more... that sort of thing.